ouch. I've been there myself with other shares, but managed to...

ouch. I've been there myself with other shares, but managed to dodge the PDN bullet.

To put my glass half full goggles back on though, there is opportunity for the remaining 2% of shares to head north if the price of U can head back to the USD$40-50 range. In June 2011, after Fukushima when U was around USD$50, PDN had an enterprise value of around AUD$2.6b. With only USD$115m of debt and 1712m shares after the DOCA, this would give a share price of around $1.40. Given that PDN's cost of production has fallen dramatically since then, there would likely be further upside.

Robboxrv, in your case 13,200 x $1.40+, is nowhere near your initial investment, but a whole lot better than 0%.

I guess what I'm trying to get across to the PDN shareholders is that there may be merit in holding onto their remaining shares. They probably have more value than what many shareholders would have guessed. Certainly much more than the last traded price of 4.7 cents.

Off course, do your own research.